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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jul. 31, 2019
Jul. 31, 2018
CURRENT ASSETS:    
Cash and cash equivalents $ 406 $ 388
Accounts receivable, net 262 229
Prepaid and other current assets 107 124
Total current assets 775 741
LONG-TERM ASSETS:    
Intangible assets, net 1,832 2,211
Goodwill, net 810 835
Property and equipment, net 579 713
Other assets 58 59
Investment in Itellum 185
Total assets 4,239 4,559
CURRENT LIABILITIES:    
Accounts payable 1,264 1,177
Accrued liabilities 1,493 893
Equipment financing 65 30
Convertible note payable, current, net $547 and $460, respectively 1,005 618
Note payable, current, related party, net of $7 and $0, respectively 383 126
Note payable, current, net $0 and $0, respectively 1,218 725
Deferred income 285 262
Derivative liability 927 632
Total current liabilities 6,640 4,463
LONG-TERM LIABILITIES:    
Convertible debenture, net $29 and $273, respectively 21 27
Notes payable, related party, net $17 and $38, respectively 136 505
Note payable 500
Equipment financing 100 64
Total long-term liabilities 257 1,096
Total liabilities 6,897 5,559
Commitments and contingencies
STOCKHOLDERS' DEFICIT:    
Preferred stock, $0.001, 50,000,000 shares authorized, 225,000 and 0 issued and outstanding, respectively
Common stock, $0.001, 150,000,000 shares authorized, 23,740,406 and 12,775,143 issued and outstanding, respectively (6,000,000 reserved in Treasury) 24 13
Additional paid in capital 82,972 79,993
Accumulated deficit (85,320) (80,800)
Other comprehensive income 1 1
Total Digerati's stockholders' deficit (2,323) (793)
Noncontrolling interest (335) (207)
Total stockholders' deficit (2,658) (1,000)
Total liabilities and stockholders' deficit $ 4,239 $ 4,559